December 15, 2020
BUDGET & TAXES > Budget > FY 2022

Massachusetts’ financial future brighter than expected thanks to vaccine rollout, budget watchdogs say

Erin Tiernan ,

Boston Herald

The Massachusetts Taxpayers Foundation projected $29.73 billion in tax revenues in fiscal 2022, with President Eileen McAnneny laying out the reasoning behind her “cautiously optimistic” scenario. In a seven-page report, McAnneny said the MTF projections assume 70% of the population will be vaccinated by spring and warned a failure by Congress to deliver another round of coronavirus relief could elongate the recession. MTF’s forecast assumes Congress will pass a $1.5 trillion